Türkiye's manufacturing sector remained in contraction in August but showed signs of easing pressures, with output and new orders moderating at a slower pace than in July, a survey showed on Monday. The Istanbul Chamber of Industry's Türkiye Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 47.3 in August from 45.9 in July, staying below the 50.0 threshold that separates growth from contraction. The latest reading marked the mildest downturn since April. Despite softer declines in production and new orders, manufacturers cut employment at the sharpest rate since April 2020, reflecting reduced workloads. Purchasing activity and input stocks also fell, while finished goods inventories were depleted for the second month in a row. Input costs rose sharply on the back of lira weakness, though output prices increased only modestly, recording the slowest inflation so far in 2025. Output has now contracted for 17 straight months, with August's slowdown the weakest since February. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
